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Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India Inc's foreign borrowings fall 9 per cent to USD 2.81 bn in Feb

The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data.

29 March 2019 2:37 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI likely to cut repo rate by 25 bps in April policy: Report

Goldman Sachs had earlier expected no change in the policy rate in the April meeting.

28 March 2019 6:30 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI allows non-residents to participate in rupee interest rate...

Indian market has witnessed increasing participation from non-resident players like FPIs in debt.

28 March 2019 9:57 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI likely to cut repo rate by 25 bps: Goldman Sachs

The brokerage expects another rate cut by the RBI by 25 bps in the third quarter of 2019.

28 March 2019 8:31 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 March 2019 10:01 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 March 2019 9:05 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI slaps Rs 2 cr penalty on PNB for violating SWIFT norms

PNB said the Reserve Bank in a letter dated March 25 has informed the bank about the penalty.

26 March 2019 4:30 PM IST

Economic Affairs Secretary Shaktikanta Das.

RBI governor meets Arun Jaitley ahead of monetary policy review

The six-member MPC to decide on the first bi-monthly policy statement for 2019-20 will be held from April 2 to 4.

25 March 2019 4:17 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI to issue guidelines on regulatory sandbox in next two months: Das

A regulatory sandbox is a framework that allows FinTech startups to conduct live experiments in a controlled...

25 March 2019 2:50 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Liquidity to get further boost of Rs 35,000 cr via rupee-dollar swap:...

The auction of USD 5 billion for a tenure of three years will be conducted on Tuesday.

25 March 2019 2:46 PM IST

Shaktikanta Das

RBI Governor to meet heads of payments banks later this week

RBI Governor to meet heads of payments banks later this week

25 March 2019 12:24 PM IST

Karnataka Bank on Tuesday reported 92 per cent slump in net profit at Rs 11 crore for the March quarter due to multi-fold jump in provisioning for bad assets.

Karnataka Bank reports Rs 13 crore fraud to RBI

The fraud was on account of diversion of funds', the lender said in a BSE filing.

23 March 2019 4:02 PM IST